Who are the economic winners and losers of the US-Israel war on Iran?
The ongoing US-Israel war on Iran has caused significant volatility in global energy markets, resulting in record profits for major oil companies like ExxonMobil and Shell. Conversely, sectors such as airlines and automotive manufacturing have faced economic downturns due to the conflict.
Why it matters
The report illustrates the uneven economic impact of geopolitical conflict, highlighting how energy-dependent industries benefit while consumer-facing sectors suffer.
Airlines and carmakers have taken a hit, while banks and energy firms have raked in big profits.
x whatsapp-stroke copylink google Add Al Jazeera on Google info The view from the beach at Bandar Abbas in Iran, August 5, 2026 [Amirhosein Khorgooi/ISNA via AP] By John Power Published On 31 Aug 2026 31 Aug 2026 Six months since the United States and Israel launched their war on Iran, triggering turmoil in world energy markets, the fallout continues to reverberate through many areas of the global economy.
While the war has strained many sectors of the economy, it has also been a boon for some industries.
Here is a look at some of the key economic winners and losers of the war:
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in